PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Tuesday, April 2nd will be given a dividend of 0.115 per share on Thursday, April 4th. This represents a $1.38 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, April 1st.
Shares of MUNI opened at $53.95 on Wednesday. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a twelve month low of $51.69 and a twelve month high of $54.03.
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PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).
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